U.S. Stocks Open Higher as GDP Comes in Stronger Than Expected

U.S. stocks opened higher Thursday, extending Wednesday's huge rally on better than expected Gross Domestic Product numbers for the second quarter. The government said the U.S. grew 3.7%, revised higher from 2.3% in the first report and better than the expected 3.2%. Jobless claims also fell last week by 6,000 to 271,000. Jay Z's 'Tidal' Music service may be toast. A Billboard survey found that 71% of top music executives believe the music service will fold within the year. Jay Z's Tidal has never gotten traction. Analysts believe the attempt to brand it as an artist's platform never caught on with the public and the $20 monthly subscription price was too high. Tesla (TSLA) has made 'Consumer Reports' history. The automotive testers at the agency say it was the best performing car they have ever tested. In fact, the performance was so good, it led to changes in the way CR's systems worked. Tiffany (TIF) profit and sales disappointed but J.M. Smucker (SJM) beat expectations.